Get Your Bank of America Loan Modification Done In A Week

Published: 27th July 2009
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If you are struggling to make your mortgage payments, there is help out there if you know where to look. If you need a Bank of America loan modification, you can actually get one very fast if you qualify.

Since Bank of America is taking over Countrywide, there are a couple things you need to figure out your options. Look at your mortgage payment stub and count how many digits you have in regards to your loan number. 10 digits is Bank of America and 9 digits is still a Countrywide number, even if your statement still says BofA on it. This is pretty important.

The instant modification can only happen if you have the 10 digit number, because it is in B of A's computer system. There is a program available where you give a modification company your authorization to call your lender and a couple other bits of information. They can then call B of A and find out if you qualify for this program. They will let you know what your interest rate will be (usually drops about 3% with this program) and your new payment will be. You can then decide if you want to move forward with them and you don't pay upfront for these services. If you are in need of loan modification help, this is by far the best way to go if you are have B of A.

If you have 9 digits on your statement, there is still help. There are other programs they have available and with all of them you do not pay upfront fees. The best one is the Obama mortgage plan. You have to have the right financials to qualify for this, but if you do you will save a lot of money each month! This lender is actually sending out some notices to homeowners who they believe qualify right now. If you get one, just make sure you do some research before you call them back! If you give them the wrong financial information (i.e. you make too much or too little) you will get denied even though you've recieved the letter.

The same company who does the instant loan modifications for Bank of America can also help get you approved for the Obama loan modification plan. They will go over your financial statements and make sure it's within the guidelines of the program. They can then call your lender and give them your information. Sometimes they can get you approved in a few minutes and sometimes the bank will ask to see copies of your bank statements, tax returns, etc. It's a crap shoot on what will happen. Once you are approved, it will still take a few weeks to complete this one...not 7 days!

If you'd like more information on these Bank of America loan modification programs, just visit the links below.

To see if you qualify for the instant loan modification program with B of A or any of the other programs available (including the Obama Mortgage Plan or HAM program), just visit these links and fill out the quick form! bank of america loan modification or bank of america modification. You can learn if you qualify, what your new payment will be and you won't pay any upfront about a guarantee!

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